Statement of Changes in Beneficial Ownership (4)
July 17 2020 - 10:03AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Hussain Muhammad Raghib |
2. Issuer Name and Ticker or Trading Symbol
MARVELL TECHNOLOGY GROUP LTD
[
MRVL
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) EVP Chief Strategy Officer |
(Last)
(First)
(Middle)
5488 MARVELL LANE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
7/15/2020 |
(Street)
SANTA CLARA, CA 95054
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Shares | 5/29/2020 | | G |
V
| 15380 | D | $0.00 (1) | 701769 (2) | D | |
Common Shares | 7/15/2020 | | M | | 6854 | A | $0.00 | 708623 | D | |
Common Shares | 7/15/2020 | | F(3) | | 3399 | D | $37.05 | 705224 | D | |
Common Shares | 7/15/2020 | | M | | 6958 | A | $0.00 | 712182 | D | |
Common Shares | 7/15/2020 | | F(3) | | 3450 | D | $37.05 | 698975 (4) | D | |
Common Shares | | | | | | | | 88081 (4) | I | By Family Trusts (5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (6) | 7/15/2020 | | M | | | 6854 | (7) | (7) | Common Shares | 6854 | $0.00 | 47976 | D | |
Restricted Stock Units | (6) | 7/15/2020 | | M | | | 6958 | (8) | (8) | Common Shares | 6958 | $0.00 | 76542 | D | |
Explanation of Responses: |
(1) | The reported disposition represents a bona fide charitable gift made by the reporting person. |
(2) | Includes 1628 shares acquired under the Marvell 2000 Employee Stock Purchase Plan on June 5, 2020. |
(3) | Surrender of shares in payment of tax withholding due as a result of the vesting of restricted stock units ("RSUs"). |
(4) | This balance reflects a transfer on 4/15/20 of 9,757 shares previously held directly by Mr. Hussain into a family trust. |
(5) | Held in trusts of which the Reporting Person is the trustee, for the benefit of members of his immediate family. |
(6) | Each restricted stock unit represents a contingent right to receive one Marvell Technology Group Ltd. ("Marvell") common share upon vesting. |
(7) | The remaining RSUs vest on each of 10/15/2020, 1/15/2021, 4/15/2021, 7/15/2021, 10/15/2021, 1/15/2022 and 4/15/2022. |
(8) | The remaining RSU's will vest on 10/15/20, 1/15/21, 4/15/21, 7/15/21, 10/15/21, 1/15/22, 4/15/22, 7/15/22, 10/15/22, 1/15/23 and 4/15/23. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Hussain Muhammad Raghib 5488 MARVELL LANE SANTA CLARA, CA 95054 |
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| EVP Chief Strategy Officer |
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Signatures
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Muhammad Raghib Hussain by Blair Walters as Attorney-in-Fact | | 7/16/2020 |
**Signature of Reporting Person | Date |
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